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FUNDRAISING NEWS | July 12, 2023

Maine PERS Commits $115M to Alts

Tags: Pension Funds, Alternative Insights, Real Assets, Private Equity

The Maine Public Employees’ Retirement System has made three new alternative investments totaling up to $115 million.

In private equity, $25 million was allocated to Long Ridge Equity Partners IV, a growth equity fund. Additionally, $40 million was committed to the buyout fund, CVC Capital Partners IX.

Stonepeak Opportunities Fund, an infrastructure strategy, received a $50 million investment.

As of June 30, 2023, the $18 billion Retirement System has an actual and target allocation to private equity of 18.9% and 12.5% respectively. The actual and target allocation to infrastructure was 12% and 10% respectively.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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